“Foxconn Technology Group will invest $210 million to build an Apple production line in October in east China’s Jiangsu province, local authorities announced Monday,” China Daily reports.
“The plant, covering an area of 40,000 square meters, plans to hire 35,800 employees,” China Daily reports. “The annual output value of the plant is expected to reach 6 to 7 billion yuan ($949 million to $1.1 billion), and the import and export value will be $55.8 million, the office said.”
Foxconn will also “build a high-tech manufacturing base in Hainan, China’s southernmost island province early April,” China Daily reports.
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